‘Like 1982!’ Pensioners urged to brace as inflation hits ‘panic-inducing’ levels


Ms O’Connor continued: “A typical energy bill of £2,000 takes up 20 percent of state pension income for people on the new state pension and 27 percent of basic state pension income.

“Those who don’t receive a full state pension will be paying an even higher proportion of income on energy. 

“In normal times, no more than 10 percent of income would be considered a reasonable amount to spend on energy. Many just won’t be able to pay.”

Steven Cameron, Pensions Director at Aegon, also warned pensioners are particularly “vulnerable” at this time.


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